Allow up to 15 business days from the payment date to ensure bank â¦ Payment posting may take 2-4 weeks from January 15th(for some mailings and on-site drop box). The homeownership rate in Lexington, MA is 82.1%, which is higher than the national average of 63.9%. When contacting Town of Lexington about your property taxes, make sure that you are contacting the correct office. The resulting tax rate for fiscal 2018 will most likely be $14.30 per thousand dollars of assessed value, according to Town Manager Carl Valente. Counties in Massachusetts collect an average of 1.04% of a property's assesed fair market value as property tax per year.. Massachusetts has one of the highest average property tax rates in the country, with only five states levying higher property taxes. At the Board of Selecmtmenâs Dec. 6 meeting, the selectmen voted unanimously to support a residential tax factor of .903903, and a tax shift of 1.75. The median property tax in Massachusetts is $3,511.00 per year for a home worth the median value of $338,500.00. The taxes owed on a home worth $200,000 at that rate would be $3,420 per year. Youâll owe the town x number of dollars per thousand of the value assessment. Town of Lexington is a locality in Middlesex County, Massachusetts.While many other municipalities assess property taxes on a county basis, Town of Lexington has its own tax assessor's office. So if you bought your $500K assessed home in Dover ($11.70 per thousand assessed) instead of Sherborn ($17.72 per thousand assessed), youâd pay $5,850 (500x$11.70=$5,850) in annual property taxes instead of $8,860 (500x$17.72=$8,860). Between 2017 and 2018 the median property value increased from $816,100 to $849,400, a 4.08% increase. 2019 Massachusetts Tax Rates for Real Estate Residential Property Massachusetts has 14 counties, with median property taxes ranging from a high of $4,356.00 in Middlesex County to a low of $2,386.00 in Berkshire County.For more details about the property tax rates in any of Massachusetts' counties, choose the county from the interactive map or the list below. The county's average effective property tax rate is 1.71%. Between rising property values and funding needed for multiple town projects, Lexington residents could see higher property-tax bills in coming years.For some residents, including seniors, higher bills could make living in Lexington unaffordable.Earlier this year, the Lexington Board of Selectmen formed a committee to consider a possible solution to this dilemma: the residential exemption. Prior to the passage of the state-wide Proposition 2 1/2, towns and cites had much more flexability in establishing their tax â¦ You can call the Town of Lexington Tax Assessor's Office for assistance at 781-862-0500.Remember to have your property's Tax ID Number or Parcel Number available when you call! The median property value in Lexington, MA was $849,400 in 2018, which is 3.7 times larger than the national average of $229,700. If your property is located in a different Middlesex County city or town, see that page to find your local tax â¦ by 1000, and then multiply by the rate. The county, which houses Cape Cod, has a 0.80% average effective property tax rate. As such, the Bay State's median residential tax rate dropped 50 cents in 2018 to $15.10 per $1,000, the Journal reported. If you're seeking low property taxes in the state of Massachusetts, Barnstable County may be a good choice. 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